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Apr 18, 2013
04/13
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the s&p 500 was down 22 and the nasdaq down by 60 points dragged down by shares of apple which dipped below $400 a share today before closing at $402. that after cirius logic hinted at a slowdown in production of iphones and ipads. >>> jp morgan chase with a 3.5% decline. bob fasanni has more on today's action in the markets from the floor of the new york stock exchange. >> reporter: it was another whip saw day that started ugly right off the bat. the problem is that key commodities like copper, aluminum and nickel were again dropping at essentially 52-week lows, all on concerns about slowing global growth. key commodities hit 52-week lows as well. and while commodity stocks like materials and energy suffered, there were also notable decline in industrials and in financials like bank of america which missed earnings estimates. and in technology stocks, tech bell whether apple hit a new 52-week low on concerns whether slowing iphone and ipad sales. the market stays a modest midday whether word being made in the boston marathon investigation and, again, moved down toward the close. >> t
the s&p 500 was down 22 and the nasdaq down by 60 points dragged down by shares of apple which dipped below $400 a share today before closing at $402. that after cirius logic hinted at a slowdown in production of iphones and ipads. >>> jp morgan chase with a 3.5% decline. bob fasanni has more on today's action in the markets from the floor of the new york stock exchange. >> reporter: it was another whip saw day that started ugly right off the bat. the problem is that key...
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Apr 19, 2013
04/13
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KQED
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report came out, they were up as much as 50% in after-hours trade. >>> and chipotle reported a blowout 22% increase in profits, and that's thanks to stronger sales. and said it expects to open as many as 180 new locations this year. the company restated its guidance of flat to low single-digit same-store growth for the rest of the year. shares of chipotle which were down more than 3% at the close gained as much as 7% in after-hours trading. >>> and coming up, moving operations to china was a no-brainer for many american companies looking for cheap labor. but that could be all about to change. >>> first let's take a look at how the international markets finished the day. >>> as you know, consumer spending accounts for nearly. # 70% of u.s. economic activity, and nowhere do americans spend more money shopping than at walmart. as we continue our "earnings spotlight," courtney reagan tells us how important walmart's results are to investors and what they might reveal about consumers and other big retailers. >> reporter: while the bulk of retailers report earnings towards the end of the season,
report came out, they were up as much as 50% in after-hours trade. >>> and chipotle reported a blowout 22% increase in profits, and that's thanks to stronger sales. and said it expects to open as many as 180 new locations this year. the company restated its guidance of flat to low single-digit same-store growth for the rest of the year. shares of chipotle which were down more than 3% at the close gained as much as 7% in after-hours trading. >>> and coming up, moving operations...
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Apr 16, 2013
04/13
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WETA
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nasdaq up 48, and the s&p 500 added 22 points. stocks got a big boost from a round of solid economic data reports and stronger than expected earnings from dell, dow components, coca-cola and john and jo johnson and johnson. and there was a 4% decline in prices at the gas pump. helping, industrial production was higher than forecast in march. with u.s. automakers churning out more new cars and trucks and utilities, combatting a nationwide cold snap that we suffered from last month. and good news in housing. construction of new homes shot up by 7% in march. enough to reach an adjusted annual rate of 1 million housing units for the last month. something we have not seen in five years. >> bill, that jump in new home building sent shares of the nation's biggest home builders higher. ryland up 3.5%. and others have all seen gain. much of the surge in construction was not single family homes however. but multi-family rental apartments. it's a sector that has been growing rapidly over the past few years and now there's concern about a bac
nasdaq up 48, and the s&p 500 added 22 points. stocks got a big boost from a round of solid economic data reports and stronger than expected earnings from dell, dow components, coca-cola and john and jo johnson and johnson. and there was a 4% decline in prices at the gas pump. helping, industrial production was higher than forecast in march. with u.s. automakers churning out more new cars and trucks and utilities, combatting a nationwide cold snap that we suffered from last month. and good...
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Apr 19, 2013
04/13
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KRCB
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potentially. >> oh, you would get into technology? you see bargains because they've been so atenown over the lastouple of weeks? >> yeah. i think the valuation differential is so stretched at this point, you find a lot of the big stable consumer staples companies trading at 20 times earnings, where you see a lot of the technology companies trading 10 times earnings. so about half the valuation. and we do think there is some good value there as the economy does improve. we think that's a better stunt. >> i want to ask you about economic numbers. next week we are getting economic numbers on housing. and also we're going to get a sense of how the economy grew in the first quarter with that gross domesticroduct gdp number coming out. how is that going to impact action next week do you think? >> i think the components and the mix of gdp growth are going to be very important. what we saw in the fourth quarter of last year was a really big drag in terms of government spending. and that's not likely to repeat here again in the first quarter.
potentially. >> oh, you would get into technology? you see bargains because they've been so atenown over the lastouple of weeks? >> yeah. i think the valuation differential is so stretched at this point, you find a lot of the big stable consumer staples companies trading at 20 times earnings, where you see a lot of the technology companies trading 10 times earnings. so about half the valuation. and we do think there is some good value there as the economy does improve. we think...
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Apr 18, 2013
04/13
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KQED
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and in technology stocks, tech bell whether apple hit a new 52-week low on concerns whether slowing iphone and ipad sales. the market stays a modest midday whether word being made in the boston marathon investigation and, again, moved down toward the close. >> the problem for the stock market is a simple one. the market has been in an uptrend all year. now we've had two big down days, two days for selling on heavy volume. that's a question whether there is still an uptrend in the market. trend followers are an important part of the market. if they determine there's no more upside to the market, the uptrend could become a downtrend. for "the nightly business report," the new york stock exchange. >> the federal reserve remains steady and upbeat. moderate growth in all 12 of its banking regions over the past 6 weeks with the overall economy getting a big boost from housing and strong auto sales. the central bank also said the economy performed better during march and week's jobs report and the dip in retail sales would indicate. >> but that report didn't do much to boost confidence today. the
and in technology stocks, tech bell whether apple hit a new 52-week low on concerns whether slowing iphone and ipad sales. the market stays a modest midday whether word being made in the boston marathon investigation and, again, moved down toward the close. >> the problem for the stock market is a simple one. the market has been in an uptrend all year. now we've had two big down days, two days for selling on heavy volume. that's a question whether there is still an uptrend in the market....
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Apr 22, 2013
04/13
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KRCB
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in the internet age with technology, that can be done. as far as what is being collected online already, for those companies who are already present every wrrks they are collectioning and have been collecting. but eelectronic retail means there are not the same borders anymore. the corner store that does not get an exemption from sales tax is competing with the ones that do. it is about more robust competition. >> what about the argument this the online retailer has an unfair advantage. and as you pointed out, many of the companies are collecting and remitting sales tax, why shouldn't all of them do it? >> every place you have a physical presence, you have to collect. as far as main street being at a disadvantage, look at states like pennsylvania, texas, and new york. when amazon.com began to collect sales tax. there was not a rush of customers from amazon to the main street. reason? >> they do not buy online to avoid sales tax, they buy online for lower prices, choices and convenience. the internet is here to stay. and businesses turn to
in the internet age with technology, that can be done. as far as what is being collected online already, for those companies who are already present every wrrks they are collectioning and have been collecting. but eelectronic retail means there are not the same borders anymore. the corner store that does not get an exemption from sales tax is competing with the ones that do. it is about more robust competition. >> what about the argument this the online retailer has an unfair advantage....
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Apr 16, 2013
04/13
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KQED
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they finished down 1%, but life technologies jumped to $73 a share. glaxosmithkline touched an all time high after the food and drug administration gave a better than expect ed review of an experimental treatment for lung disease. this could open the way for approval when the new treatment will be reviewed by an fda panel on wednesday. gsk gained 1.5% to $49 a share. >> as the media space reshapes itself, btig research began coverage of netflix with a $250 per share price. noted that the service is being offered as part of internet bundles as well as cable providers, rich greenfield said netflix has an improved price relationship. netflix gained about 2% on an otherwise down day today. energy was the worst performing sector today as oil dropped below $89 a barrel. the blue chip oil, they were near the bottom of the dow. each down about 3% in today's trade. >> solid quarterly earnings from charles schaub, but missed by a penny a share. partly because the firm weighed fees on money market funds. shares tumbled almost 4% to $16 a share. >> and on a day t
they finished down 1%, but life technologies jumped to $73 a share. glaxosmithkline touched an all time high after the food and drug administration gave a better than expect ed review of an experimental treatment for lung disease. this could open the way for approval when the new treatment will be reviewed by an fda panel on wednesday. gsk gained 1.5% to $49 a share. >> as the media space reshapes itself, btig research began coverage of netflix with a $250 per share price. noted that the...
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Apr 23, 2013
04/13
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KRCB
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the farming business is a tough dog gone business to be in. >> we live in an era of extremes. >> wishing them luck. >>> still ahead, folks, why hollywood is falling in love with aging baby boomers. but first a look at how commodities, treasurys and currencies fared today. ♪ ♪ ♪ >> have you seen any good movies lately if if you're a baby boomer you might be heading to the cineplex more often. the motion picture of america shows more older americans are going to the movies more often than any other age group. as we told you yesterday, with younger people streaming more content through netflix or watching films on their tablets and smartphones, hollywood is now aiming right where the big money is, making movies geared toward the people who still like to watch them on the silver screen. julia boorstin has the story. >> while summer action flicks may target teenage fan boy, what is old is new again in hollywood. studios are increasingly targeting the 50 and older crowd with the r-rated romantic comedy "the big wedding" with four a-list baby boomer stars, robert deniro, susan sarandon, d
the farming business is a tough dog gone business to be in. >> we live in an era of extremes. >> wishing them luck. >>> still ahead, folks, why hollywood is falling in love with aging baby boomers. but first a look at how commodities, treasurys and currencies fared today. ♪ ♪ ♪ >> have you seen any good movies lately if if you're a baby boomer you might be heading to the cineplex more often. the motion picture of america shows more older americans are going to...
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Apr 24, 2013
04/13
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KRCB
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going to impact many indexes and fund managers that were overly confident for the prospects of this technology company. >> apple's product cycle has a influence for better or worse. before the iphone was introduced six years ago, smart phones looked like this, now, here's the latest htc and samsung phones. if you owned blackberry, nokia or motorola shares over the past few years, apple became a pretty big stock to know about. a big launch for apple? sure, it was even bigger for hp and dell, which have seen their pc businesses implode. now there's a new reason to care about apple. cash. apple boosted its dividend to $3.05 a share. making it the biggest dividend pair in the world. the total cash return to shareholders will total $100 billion by the end of 2015. >> yes, apple is managing to lower growth expectations, it's doing so because it's now suddenly losing share. the smart phone market is not saturad, butpple finds itself losing out to more diverse and better priced android alternatives. >> reporter: tim cooke acknowledged on the call that apple's growth has slowed and its margins are comi
going to impact many indexes and fund managers that were overly confident for the prospects of this technology company. >> apple's product cycle has a influence for better or worse. before the iphone was introduced six years ago, smart phones looked like this, now, here's the latest htc and samsung phones. if you owned blackberry, nokia or motorola shares over the past few years, apple became a pretty big stock to know about. a big launch for apple? sure, it was even bigger for hp and...